For the 1st time ever, today, as I collected US$9500 an hour ago, which I bought this morning @ a rate of US$1: ZiG33, I was told directly by a senior black market player that the so-called black market rate is provided every morning by @ReserveBankZIM
He did say....
2/5
...."we don't know if its on behalf of RBZ or not." He says his provider tells him gvt never has enough US$ to meet obligations & is the largest buyer of forex on the black market.
So, when gvt prints more local currency, they set the rate on...
Jul 27 • 9 tweets • 2 min read
1/9
This is Alexio Nyakudya (@Jena98993775), a corrupt @CCCZimbabwe Harare City Councillor who collected ~US$1 million from Hunter Bar in Mabvuku, a Council beerhall that he grabbed.
After grabbing the beerhall, he turned it into a market charging tenants... 2/9
...for each stall over the last 4 years.
He was re-elected in the August elections last year under @nelsonchamisa's banner.
The Town Clerk (the CEO of the Council), who has been arrested over the Mike Chimombe streetlights tender corruption, was complicit since....
Jul 23 • 11 tweets • 2 min read
1/11
As the 1st person in 2018 to tell you on these streets to look to the AGs report to follow corruption, @mavhure @mimmitwit, @matigary, I thought I'd let the pitiable attempts at political point-scoring die down 1st & then discuss HOW the AGs report should be audited..
...actionably by those citizens truly interested in fighting corruption (as opposed to just wanting to score cheap political points while wishing for a chance to also participate in & benefit from the corruption)
Jul 19 • 6 tweets • 2 min read
1/6
I bought ZWG (ZiG) today at a rate of US$1 to 22ZWG.
The usual suspects tell me the black market premium's is targeting 100% by 5 Aug 2024.
This is especially dangerous becoz banks, confirmed, are running short of US$. If everyone with a US$ account tried to withdraw..
2/6
....just 20% of their $$ from Zim banks in the next week or 2, the system would completely collapse. Just 20% (@ReserveBankZIM allows banks to hold only 10% of your demand deposits & use the rest however they want).
Insider & political loans currently make up...
Jul 9 • 20 tweets • 4 min read
1/20
Zimbos have NO IDEA just how hard it was to actually arrest these guys & send them to remand. BECOZ of @ZANUPF_Official.
Buckle up, let me explain to you the how & the WHY.
These corrupt "tenderpreneurs" have the following modus operandi:
They approach & corrupt people in @ZANUPF_Official & ask for introductions to senior members, especially Politburo guys.
They then corrupt these Politburo guys with gifts, cash etc, slowly, mostly using the pretext that they support the party & want to help.
Apr 23 • 7 tweets • 2 min read
1/7
Sanctions have nothing to do with Zim being cut off from the international banking ecosystem.
The real reason is: tail-end of dollarisation, Zim banks were not remitting payments customers made to banks outside because all they had were fake, digital US$s they &..
...@ReserveBankZIM had "printed", after they stole & externalised all the real US$ banknotes that you & I had deposited.
Here on X, there're people who experienced paying for tuition or supplies outside Zim & waiting for SIX months with the recipient's bank saying...
Apr 14 • 16 tweets • 3 min read
1/16
@edmnangagwa @MthuliNcube01 @GGuvamatanga: a NYC Asset manager whose Co's got ~US$750bn AUM (not in the top 10 AMs, but still) & who has a US$350m "sandbox fund" & other Developing Markets investors in NYC are incredibly bullish on Zim.
...they're hesitating & the following, I believe, is VERY sound advice & suggestions:
a) "Remove the US$ component in reserves that inform money printing & solely match supply to reserve gold. (Also, there's no transparency right now on how much ZiG exactly is in...
Feb 21 • 13 tweets • 3 min read
1/13
So, people still don't understand the "Tshabangu Strategy" that went horribly wrong & took on a life of its own?
Ok. Here goes:
The simple idea was get an "unknown" to "seize" structural power by sending recall letters to @ParliamentZim/@ZECzim
Naturally, the expectation was @nelsonchamisa would then contest this in court. In doing so, he'd have to answer the question, if Tshabangu isn't your SG, who is? How? "Cornered" like this, NC would have to refer back to the Alliance structure since no other...
Feb 15 • 11 tweets • 2 min read
1/11
Again, for those confused, here's how @nelsonchamisa Independent Candidature is gonna work:
@CCCZimbabwe/ Blue Mvmt or @mdc263 (or, theoratically, even @ZANUPF_Official) decide whether they endorse him as their Pres. candidate or not.
...him sort out amongst themselves who their Parly candidate for each constituency is, using whatever method they agree on.
In opposition strongholds, GUARANTEED, the candidate of the part(ies) that have endorsed @nelsonchamisa will win the seats...
Feb 15 • 10 tweets • 2 min read
1/10
@edmnangagwa, @MthuliNcube01, @GGuvamatanga: the culture of secretiveness that gvt (incl. @ReserveBankZIM ) is so fond of is the reason why every measure you come up WILL fail.
For any measure to be successful, you only need to focus on 1 thing and 1 thing ONLY 👇
2/10
Focus on the trust deficit that I've spoken about for yrs & which Min. Mthuli has publicly acknowledged as a pillar of our problems.
Here's what's needed:
1. Codify extreme transparency from RBZ & Treasury & schedule transparent reports to be issued every ¼ or month..
Feb 12 • 6 tweets • 2 min read
1/6
Remember when no-one believed this 👇, what remains the most accurate explanation of CCC goings-on?
Here's another, the most accurate explanation you'll get re: current state of play in the opposition:
...movement b4 the 2028 elections. Any1 telling u otherwise knows nothing.
What you'll get is a @EmmanuelMacron move, which proved so spectacularly successful for the French Prez.
Meaning: NC will go the polls as an Independent Pres. Candidate (he basically...
Oct 24, 2023 • 13 tweets • 3 min read
1/13
This is the most accurate explanation you're gonna get about the goings-on in @CCCZimbabwe. It's good that none of the sheeple will read it, so you won't have to trawl thru ignorant or sycophantic comments
.
When @DMwonzora seized @OurMDCT from @nelsonchamisa after 2018....
2/13
....@nelsonchamisa, @BitiTendai @Welshman_Ncube fell back on the @MDCAllianceZW.
@DMwonzora then argued that MDCT was the leader/convener on the Alliance & therefore owned it. Written agreements backed this up & this is what gave Mwonzora the legal authority to recall...
Jun 6, 2023 • 5 tweets • 2 min read
1/5
Remember my tweet from last year 👇.
It has started.
Today, we had several Co.'s seeking to liquidate their Nostro (US$) on the black market @ a 15% discount. Several banks are helping with this, @GGuvamatanga.
Co. A pays @matigary's US$1m invoice from their Nostro US$ acc. He, in turn, hands that Co. (A) US$850k cash.
Basically, the US$ in so-called Nostro accnts started losing value today. People & Co.'s are cutting their loses, liquidating those Nostro, fake US$s for 15%...
May 30, 2023 • 5 tweets • 2 min read
1/5
Last yr, I warned here on Twitter about the rate meltdown in 2023 Q2 & pointed specifically to this as this trigger.
These measures are rather late becoz already, we've seen US$ price increases triggered by the US$ created by banks through indiscriminate lending.
Next? 2/5
Elements @ReserveBankZIM aware that Zim banking system rn only has 36% of the US$ "deposits" available.
At currents rates of of activity, Zim banks will completely run out of US$ for u to withdraw by 2nd week of September 2023.
Measures like allowing retailers to retain...
Mar 29, 2023 • 8 tweets • 2 min read
1/8
Aulion Global Trading, Dubai, buys semi-refined gold bars only from Rappa Resources, South Africa.
When the SA Competition Tribunal cleared Aulion to buy Rappa gold refinery in 2019, the names of the ultimate "beneficiary owners" were blacked out from the documents...
...but the Tribunal did note that Aulion "forms part of the Rappa Management group of companies".
On paper, both are owned by Howie Baker, a former Zim polocrosse champion & Rudland's mate.
Rappa's ONLY director is Raees Saint👇, Rudland's lawyer. Raees is also..
Mar 29, 2023 • 10 tweets • 3 min read
1/9 Hamish, in my thread, I made it clear that Bitumen is by far the most competent & professional of the government infrastructure contractors.
That you & your brother have made millions from cigarette smuggling is on record & you haven't sued (let alone won against)...
2/9 ...anyone who's charged this. Centrally, the issue is the Bitumen transaction was made using the proceeds from this activity in order to find another avenue to use to send funds out of the country, since Bitumen have to buy raw materials, equipment etc from abroad.
Mar 28, 2023 • 4 tweets • 2 min read
@ZANUPF_Official needs to stop this counterproductive nonsense.
The @AJIunit docu ISN'T propaganda or a political hit piece.
It simply exposed the following:
Money from illegal activities is being brought into Zim to buy Zim gold as a way to "legitimately" inject that..
...money into the global finance system, avoiding being flagged & seized.
This is the CLAIM from those interviewed.
Mar 3, 2023 • 5 tweets • 3 min read
1/5
100% correct & very sensible comment, that's why I've followed you!
@ZANUPF_Official is @ centre of corruption in Zim rn becoz it has power & access. Opposition will be at the centre of corruption when they're gvt becoz they'll have power & access.
...we can only fight corruption when we realise that corruption won't disappear even if God vaporises ZANU PF today because the problem is Zimbos, who are corrupt.
Under Mugabe, not one of our current anti-corruption "celebrities" said anything about corruption. Some of them were active participants.
The only reason corruption is a topic now in Zim & on Zwitter is because @edmnangagwa put fighting corruption on the agenda.
2/13
Corruption is NOT a @ZANUPF_Official problem. It's a societal problem. 90% of Zwitter is corrupt (they've paid a policeman to get out of a fine or for convenience, they've bribed a prosecutor, a judge, they've bribed for a place for their kid at a popular school....,
Nov 14, 2022 • 4 tweets • 2 min read
1/3
We've given @PoliceZimbabwe the name of a guy who NAMED a victim he claimed he knifed to death in Benoni, South Africa. Guy is in rural Mat'land, where we've been for a few weeks. Guy is very bitter about Gukurahundi & says his mission is to simply kill as..
2/3 ...many Shona people as he can. Says 300k Shona pple must die to pay for what he says are 300k Gukurahundi victims. Especially depressing: he says he's commanded his 6yr old son to carry on "the mission" even after he's dead.
Oct 6, 2022 • 6 tweets • 3 min read
1/4
This photo in a @matinyarare story reminded me of a stunning story that @Tinoedzazvimwe1 is probably too young to remember: I believe this is PM Mugabe @ 88 Manica Rd, HQ of @ZANUPF_Official b4 the current one just after it was bombed by SA agents. Here is the stunning bit: 2/4
PM Mugabe's white Rhodesian/South African Head Bodyguard, who always rode in his car with him, deliberately delayed Mugabe's departure from State House to 88 Manica, where he was supposed to attend Politburo. The bomb exploded a few minutes after Mugabe was supposed...
